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            <!--DXMETADATA start type="TopicSection" name="BodyText"--><p>This function calculates the accrued interest at maturity for a security that pays periodic interest.</p>

<h4>Syntax</h4>

<p>ACCRINTM(<i>issue</i>,<i>maturity</i>,<i>rate</i>,<i>par</i>,<i>basis</i>)</p>

<h4>Arguments</h4>

<p>This function has these arguments:</p>

<table>
    <tbody>
        <tr>
            <th>Argument</th>

            <th>Description</th>
        </tr>

        <tr>
            <td><i>issue</i></td>

            <td>Date that the security is issued</td>
        </tr>

        <tr>
            <td><i>maturity</i></td>

            <td>Maturity date for security</td>
        </tr>

        <tr>
            <td><i>rate</i></td>

            <td>Annual interest rate for the security</td>
        </tr>

        <tr>
            <td><i>par</i></td>

            <td>[Optional] Par value for the security; if omitted, the calculation uses a value of $1,000</td>
        </tr>

        <tr>
            <td><i>basis</i></td>

            <td>[Optional] Integer representing the basis for day&nbsp;count (Refer to <a href="DayCountBasis.html">Day Count Basis</a>.)</td>
        </tr>
    </tbody>
</table>

<h4>Remarks</h4>

<p>This function requires that issue is a valid date (otherwise a #Value! error is returned). If the rate or par is less than or equal to 0, then a #NUM! error is returned. If the basis is less than 0 or greater than 4, a #NUM! error is returned. If the issue is less than the settlement, then a #NUM! error is returned.</p>

<h4>Data Types</h4>

<p>Accepts numeric and DateTime object data. Returns numeric data.</p>

<h4>Examples</h4>

<p>ACCRINTM(A2,A3,B4,D9,3)</p>

<p>ACCRINTM(R1C1,R2C3,R4C2,R9C4,3)</p><!--DXMETADATA end-->
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<a href="ACCRINT.html">ACCRINT</a></div>
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<a href="INTRATE.html">INTRATE</a></div>

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